Costco Long -Playing Costco long back up to 985.00 near the recent high's.
-Weekly charts looks great, price rejects the weekly 20ema very nicely whenever we pull back to it, also have some decent support at 910.00.
-The lower time frames ( 4H / 1h ) just broke out of a wedge pattern to the upside, we are currently starting to see a nice push up and will close the day very strong to the upside.
COST trade ideas
Simplicity at its finest 950-1000 great potentialOversold levels on many oscillators, including one followed closely and stochastic, the trend pattern hasn't broken so far, and consolidating at this level on support with many indicators confirming this move, it will indeed move north to or target the 975 level.
The trend is your friend until the endNASDAQ:COST is our target
For those of you unfamiliar to Lux Algo or Market cypher , this is a good example of how these indicators could be deployed.
Big time frame -
The environment is obvious to everyone. No indicators are needed to see how well Costco has performed over the past few years.
Market cipher B -
When looking at the daily time frame I am looking for any opportunity to jump in on the larger trend. Through the use of Market cipher B momentum wave being below the zero line, but more importantly the magnitude of the pull back to the -60 line is important.
Lux Algo (Signals and Overlay) -
I like to couple this with the Neo cloud, also recognized as the Ichimoku Cloud. simply, when blue it can be a powerful tool to follow a bullish trend. When red, it will highlight the bearish trend.
Smaller timeframe (zooming in) -
Viewing the 1 hour time frame, it show us the Neo Cloud is currently red. The moment this turns blue our expectation is the follow price until this short term trend ends. But so long as the larger and smaller trend align in the same direction, this is what we will profit off of.
When this transition occurs the week of 1/6/2025, we will look to enter with the bulls. Our stop may be dynamic as price pursues in our favor locking in profits using the Neo cloud on the 1 hour as a form of support to price.
Should the price not sustain the rally, we will use previous internal candle structures to judge where to draw the line. I took the time and drew a red dotted line to outline this.
Optimistically, should Costco manage a newer ATH before the 1 hour Neo cloud switches bearish we may still look to exit our position or look for ways to abuse the positive outcome by chasing price with a stop loss and passively wait or find ways to add to the position increasing our risk.
Time will tell and only price pays.
Good luck my friends to whom ever sees this.
Correction to $850-920 essential for keeping the uptrend healthy- Price is overextended and investors are treating NASDAQ:COST as the growth stock than a safe quality stock. Price/Earnings ratio is around 60 which his historical high on the other hand the company is growing single digits.
- With wage growth stalling and with uncertain macro, it's unlikely that majority of people will stock groceries for a month in advanced. Many folks are shopping weekly/bi-weekly from Walmart instead.
920 looks a very likely scenario, a lot of volume and supportWe have not quite reached the fall we have anticipated, as bearish indicators are popping off everywhere like it's New Year's Eve. The trajectory is short-term bearish unless I'm convinced otherwise. Besides that, the drawing dictates a very bullish stance, which is near-coming, as the trendlines specify. Bears hunting ;-)
COST with Strong Resistance Divergence **Costco (COST)** has not yet reported its results for the quarter ending in November 2024. The results are expected to be released on **December 12**.
This warehouse club operator is expected to post quarterly earnings of **$3.79 per share** in its upcoming report, which represents a year-over-year change of **+8.9%**. The consensus EPS estimate for the quarter has been revised **0.1% higher** over the last 30 days to the current level.
Costco's revenues are expected to be **$62.37 billion**, up **7.9%** from the year-ago quarter.
For now its expected to have a dropp down twoard the lower channel supported by strong negaptive resistance in addtional it seems Options Market makers are looking to burn 955 and 1000 Call 29 Nov Contracts
COSTCO 850 AFTER EARNIGS ?? 5 STRONG REASONS WHY !!!
thanks to
WWW.CAFECITYSTUDIO.COM
NY RUNS GLOBAL INC .
Robust Financials:Costco has consistently demonstrated strong financial performance. Its revenue growth, profitability, and debt management are impressive.
The company’s ESG (Environmental, Social, and Governance) score for its industry is good, indicating responsible business practices .
Customer Loyalty and Resilience:Costco’s loyal customer base contributes to its stability. Even during economic downturns, consumers tend to remain loyal to the brand.
This loyalty makes Costco stock relatively recession-resistant, which is a valuable asset for long-term investors.
Analyst Sentiment:Over the past few months, analysts have revised their average price target for Costco upwards significantly. This suggests positive sentiment and confidence in the company’s future prospects.
There is high visibility into Costco’s activities for the coming years, supporting predictable sales.
Inflationary Pressures:The recent inflationary pressures have positively impacted Costco stock. As the Federal Reserve adjusts its monetary policy, companies like Costco may benefit from higher prices and increased consumer spending.
Valuation Considerations:While Costco’s fundamentals are strong, it’s essential to consider valuation. The company operates with relatively high earnings multiples.
Investors should weigh the potential upside against the current valuation when projecting the stock price.
COST ...Costco CyQo-Cpyder-Nest levelsHere is a conglomerate of support and resistance levels, some going back to 2019-20...Take these with caution that they were found with extended hours...normal daily price charts wont align. Also consider the activation of Log scale here will also tamper with your levels...
No Sun since im not a daily watcher of this one..fly blind, but do your own level finding if you step into this trade. When people who bulk buy to save $ arent buying as much...Guess how your future is looking.
COST Costco Wholesale Corporation Options Ahead of EarningsIf you haven`t bought the dip on COST:
Now analyzing the options chain and the chart patterns of COST Costco Wholesale Corporation prior to the earnings report this week,
I would consider purchasing the 1020usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $22.30.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
It $COST to be the boss. Own where you consooom!Key Stats
P/E Ratio: 59.3 (premium pricing for a retail juggernaut)
Revenue Growth: +9.2% YoY in Q1
Dividend Yield: 0.47%
Next Earnings Date: Dec 12, 2024 (mark your calendars!)
Recent Upgrades/Downgrades: Barclays boosted PT to $1150; reiterates Overweight rating.
Top 3 Technical Reasons
Trend Strength: COST has consistently held its 50-day moving average. Recent breakouts show sustained bullish pressure.
Volume Surge: Increasing average volume last week suggests accumulation ahead of earnings.
Bullish Patterns: Breakout from a descending wedge on daily charts; next resistance $600, then $1100 longer-term.
Top 3 Fundamental Reasons
Membership Growth: Recent 8% YoY growth in executive memberships—Costco’s most profitable revenue stream.
Earnings Potential: Analysts are anticipating $4.11 EPS for Dec earnings, a steady climb from previous quarters.
Inflation Hedge: Shoppers flocking to Costco as inflation strains consumers elsewhere—consistent same-store sales increases.
Potential Paths to Profit
1. Buy Shares (Lowest Risk): Go long at market price.
2. Options Strategy: Consider Jan 2025 $1000 call options for a leveraged bet. Target 2x return on volatility pop post-earnings.
3. Swing Trade Opportunity: Enter now, aim to trim partial profits near $600 resistance and ride the rest to $1100.
Disclaimer:
We are not a brokerage or investment firm. We do not offer financial advice or investment advice and/or signals. This is not certified financial education. We offer access to the daily thought process of an individual and his experiences. We do not offer refunds. All sales are final.
$COST end of trend? Time to go short?NASDAQ:COST looks exhausted here. If you look on the weekly we got a big spike up that then closed under resistance which is usually a pretty good bearish signal.
I think NASDAQ:COST will start it's way down to the ~$400 support levels over the next year (by the end of 2025).
However, I think in the short term it's likely that we'll bounce at $761 or $667 support levels.
Let's see how the move plays out.
Costco WholeSale Corporation | Chart & Forecast SummaryKey Indicators on Trade Set Up in General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Costco WholeSale Corporation
- Triangle | Matched Trend Lines
- WXY | Midpoint Section
- Trend Line 1,2&3(Triangle Bias)
- ABC Impulsive Wave
- Retracement | 0.5 / 0.382 Area
Active Sessions on Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management on Demand;
Bias On An Intraday Perspective | Short
Overall Consensus | Neutral
COST should continue short term rallyCOST expect short term rally as the part of sequence started from August-2024 low, while dips remain above 867.16 low. Short term, it either extending higher in third wave in (5) and expect two more highs, while pullback stays above 910 level. If it breaks below 910 then it should be diagonal in (5) and expect one more push higher to finish (5), while dips remain above 867.16 low to finish the impulse sequence started from January-2023 low.
Wholesale Stock on Holiday Sale!NASDAQ:COST , breaking and closing above key supply zone, at all time highs concludes to no overhead supply
RS Rating of 82
Consistently beating analysts estimates and earnings revisions, with earnings reporting 32 days as of the writing of this post, can foreshadow market's conviction that this retailer is very well in a high demand consumerism
I have reasons to believe this security price could increase
Costo - Multiple testing of key resistanceNASDAQ:COST . The resistance is likely to be weakened and the rectangle range at the top seems to be consolidating into a potential bullish continuation pattern.
First up, the bullish bar has also closes above the cloud formation. Hence, supporting the bullish upside.
Should there be a correction, We will accumulate more at 820-839 support zone
COSTCO: 4H MA50-200 squeeze is forming the bottom.Costco is neutral on its 1D technical outlook (RSI = 49.149, MACD = -2.870, ADX = 33.443) as the price is trading inside the 4H MA50-MA200 range. This is taking place right at the bottom of the year long Channel Up, which has formed the previous two HL exactly on the 4H MA200. Coupled with a 4H MACD Bullish Cross, this is technically the new bottom formation. Our target is at least a +16.30% repeat (TP = 1,000).
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